Corporate Social Responsibility Questions And Correct Answers (Verified Answers) 2026

Corporate Social Responsibility Questions And
Correct Answers (Verified Answers) 2026

Corporate social responsibility (CSR) - CORRECT ANSWER -the social responsibility of
business to encompass the economic, legal, ethical, and philanthropic expectations that society
has of organizations at a given point in time.


Corporate social responsibility (CSR) - CORRECT ANSWER -requires the individual to
consider his acts in terms of a whole social system, and holds him responsible for the effects of
his acts anywhere in that system



Creating Shared Value (CSV) - CORRECT ANSWER -companies generating economic value in
a way that product value for society as well


The four major responsibilities of a business - CORRECT ANSWER -1. Economic

2. Legal

3. Ethical

4. Philanthropic



create a foundation that helps to delineate and frame businesses' responsibilities to society -
CORRECT ANSWER -What the four major responsibilities do



Economic responsibility - CORRECT ANSWER -the responsibility of a business to produce
goods and services that society needs and wants and to sell them at a fair price



How businesses accomplish their economic responsibilities - CORRECT ANSWER -employing
management concepts that are directed toward financial effectiveness

, Legal responsibility - CORRECT ANSWER -a businesses responsibility to comply with the laws
of fair practices that are established by lawmakers



Ethical responsibility - CORRECT ANSWER -the full scope of norms, standards, values, and
expectations that reflects what consumers, employees, shareholders, and the community regard
as fair, just, and consistent with respect for or protection of stakeholders' moral rights



Philanthropic responsibility - CORRECT ANSWER -the responsibility of a company to give
back to the community to meet current expectations of a company by the public



The required responsibilities of a business - CORRECT ANSWER --Economic responsibility

-Legal responsibility



The expected/desired responsibilities of a business - CORRECT ANSWER --Ethical
responsibility

-Philanthropic responsibility


The Pyramid of Corporate Social Responsibility - CORRECT ANSWER -



The Pyramid of Corporate Social Responsibility - CORRECT ANSWER -the conceptual
framework that includes the economic, legal, ethical, and philanthropic expectations society
places on organizations at any given point in time



A CSR perspective - CORRECT ANSWER -focuses on the total CSR pyramid as a unified
whole and how the firm should engage in simultaneously fulfilling all four components



What socially responsible firms should strive to do - CORRECT ANSWER --make a profit

-obey the law

-be ethical
-be a good corporate citizen